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Prestalo review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Prestalo suits Spanish residents who want a fee-free personal loan fixed at fixed rates, with money in the bank account normally within a day or two. It suits a single market only, since eligibility is limited to Spain and a hard credit check applies.

Key facts

Best for
A fee-free fixed-rate personal loan for Spanish residents, with an early repayment option at no extra cost.
APR
4.1% to 30%↗
Loan amount
€500 to €100,000↗
Term
1 to 120 months↗
Arrangement fee
0 EUR↗
Credit check
Hard↗
Funding time
Money transferred to your bank account, normally within 24 to 48 hours↗
Representative example
EUR 5,000 loan repaid over 60 months, fixed annual interest 6.11%, TAE 6.28%, monthly payment 96.62 EUR, no opening or early-repayment fee, total repayable 5,815.20 EUR↗
Rate type
Fixed↗
Lender type
Broker↗
Free early repayment
Yes↗
Eligibility
18 or over, resident in Spain, valid DNI or NIE, stable sufficient income↗
Loan types
Personal, Payday, Car, Debt-consolidation, Secured↗
Credit needed
Good↗
Use cases
Home-improvement↗
Legal entity
PRESTALO ONLINE, S.L.↗
Headquarters
Spain↗
Founded
2018↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
prestalo.com

Mortgages

Initial rate
2.36%↗
APRC
2.97%↗
Fixed period
25 years↗
Maximum loan to value
80%↗
Product fee
€0↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
TrustpilotX

Pros and cons

Pros

  • No arrangement fee on personal loans: 0 EUR.
  • Early repayment is free, so clearing the balance early costs nothing extra.
  • Personal loans run €500 to €100,000 and 1 to 120, so borrowers can size the loan and the term to suit them.
  • Support runs on email, chat and phone, which covers phone and chat as well as email.
  • Same-day funding is listed as a feature, same day funding, for borrowers who need money quickly.

Cons

  • The rate is fixed rather than variable, so fixed pricing cannot fall the way a variable rate can.
  • A hard credit check applies, hard, so an application creates a full credit file search.
  • Prestalo works as a broker, broker, so the lender named in the offer is the party you repay and Prestalo sits in between.
  • Eligibility rests on residence in Spain, a valid DNI or NIE and stable sufficient income, so the offer reaches a single market.
Prestalo

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Who it suits

  • Spanish residents with a steady income, since eligibility is open to adults living in Spain with valid DNI or NIE paperwork and stable sufficient income.
  • Borrowers who plan to clear the balance early, since free early repayment means overpaying costs no extra charge.
  • People who want no arrangement fee, because the origination fee is 0 EUR on personal loans.

Who should look elsewhere

  • Anyone outside Spain, since eligibility is tied to residence in Spain and a valid DNI or NIE. Creduma ES also serves euro borrowers, so compare that market.
  • People building a credit file from scratch, because the credit check is hard, hard, and a good credit record is expected, good.
  • Anyone wanting a variable rate, since the rate type is fixed, fixed. Sofkredit quotes 10.74% to 18.06%, so check that market if falling rates matter more than certainty.

Application and funding speed

Money is transferred to your bank account, normally within a day or two, and same-day funding is listed as a feature. The catch is the scale of the loan: €500 to €100,000 is a wide spread, so a small borrower and a large borrower go through the same process. The term is 1 to 120, which lets a short repayment window sit alongside a long one. Because Prestalo is a broker, the pace depends on the lender it places the application with. For a reader who needs cash for a repair or a car, that speed matters. For a reader who plans ahead, the same-day headline is not the deciding factor. The rate and the term matter more.

Regulation and registers

Prestalo appears on the 878/2018, seccion segunda, the Spanish register of financial intermediaries. That entry is what distinguishes a regulated intermediary from an informal loan marketplace. It also explains the working relationship. The lender kind is broker: Prestalo sits between the borrower and the lender rather than lending its own money. The practical effect is that the contract runs with the lender named in the offer, and Prestalo is the party holding the intermediary registration. Checking the register entry is the quickest way to confirm the intermediary is the one you are dealing with.

Rates and costs

The annual percentage rate on personal loans runs 4.1% to 30%, and the rate type is fixed, so the monthly payment does not move while the loan runs. The origination fee is 0 EUR, which means no arrangement charge for setting the loan up. The representative example shows how this plays out: a loan repaid over a set period at a fixed annual interest rate, with no opening fee and no early-repayment fee, and a monthly payment worked out from the total repayable. Early repayment is free, so paying the balance off sooner costs nothing. The spread inside 4.1% to 30% is wide, so the price depends heavily on the credit profile. A good credit record sits near the lower end, a weaker file nearer the top.

Safety of your money

Three facts matter most here. First, the representative example spells out the total repayable on a sample loan, so the full cost is visible before you commit. Second, the lender kind is broker, meaning the money comes from a third-party lender and Prestalo acts as the intermediary on the application. Third, Prestalo holds the 878/2018, seccion segunda, which sets out the terms on which it may intermediate. A broker model does not remove the need to read the offer: the contract and the lender name come from the lender named in it. What the registration adds is a named, accountable intermediary between you and the money.

Who runs it

Prestalo is operated by PRESTALO ONLINE, S.L., based in Spain, and has been running since 2018. Support runs on email, chat and phone, which includes phone and chat alongside email and a help centre, so a borrower can reach a person rather than only a form. The intermediary registration is 878/2018, seccion segunda, listed in the general conditions. Together these give a clear picture: a named Spanish company, a single home market, and published terms a borrower can check before applying.

How Prestalo compares

Where Prestalo is available

Available
Spain
Licence in Spain
Registro Estatal de Intermediarios Financieros (878/2018, seccion segunda), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Prestalo personal loan cost?+

The annual percentage rate runs 4.1% to 30% and the rate is fixed, so payments stay level. The origination fee is 0 EUR, and early repayment is free, so clearing the balance early adds nothing. Interest is the cost of the loan.

How long does a Prestalo loan take to arrive?+

Money is transferred to your bank account, normally within a day or two, and same-day funding is listed as a feature, same day funding. Because Prestalo is a broker, the pace depends on the lender it places the application with. Plan on a short wait rather than an instant transfer.

How much can I borrow and for how long?+

Personal loans run €500 to €100,000 across 1 to 120. That spread is wide, so a small repair and a large consolidation both sit inside the same range. The term you pick shapes the monthly payment, and a longer term costs more in total interest.

Is Prestalo regulated?+

Prestalo holds the 878/2018, seccion segunda in Spain's register of financial intermediaries. The lender kind is broker, so Prestalo introduces you to a lender rather than lending its own money. The register entry is the term to check.

Does a Prestalo loan affect my credit file?+

Yes. The credit check is hard, a full search, and a good credit record is expected, good. Both are normal for a loan of this size, but a thin credit history should expect either a higher rate or a refusal.

Who is eligible for a Prestalo loan?+

You must be a resident in Spain, hold valid DNI or NIE documentation, and show stable sufficient income. That makes it a single-market offer rather than one reaching the UK or the wider euro area. Compare another euro lender if you live outside Spain.

What does the representative example show?+

The example takes a euro loan repaid over a set period at a fixed annual interest rate, with no opening fee and no early-repayment fee, and shows the monthly payment and total repayable. It is a worked example, not a quote. Your own rate depends on your credit profile.

How do I get help from Prestalo?+

Support runs on email, chat and phone, covering phone and chat as well as email and a help centre. The operator is PRESTALO ONLINE, S.L., based in Spain, running since 2018. A phone channel helps if a payment date is approaching.

Sources

  • prestalo.com checked September 26, 2026

    Backs: Features, Loan types, Support channels

    “Preguntas frecuentes: Tienes dudas? Encuentra respuestas claras ... WhatsApp ... 932 715 764 ... hola@prestalo.com”

  • prestalo.com/aviso-legal checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Domicilio: Ronda Sant Pere nº 52, 08010 Barcelona”

  • prestalo.com/condiciones-generales checked September 26, 2026

    Backs: Licences

  • prestalo.com/prestamo-hipotecario/openbank checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Product fee, Purpose

  • prestalo.com/prestamo-personal checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Free early repayment, Funding time, Lender type, Pricing model, Arrangement fee, Rate type, Representative example, Term, Use cases

    “TAE 4,10 % ... TAE 30,00 %”

  • prestalo.com/prestamos checked September 26, 2026

    Backs: Credit check, Credit needed

  • prestalo.com/quienes-somos checked September 26, 2026

    Backs: Founded

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Prestalo

Prestalo

A fee-free fixed-rate personal loan for Spanish residents, with an early repayment option at no extra cost.

8.9/10Visit